$2,498,000 Active
732 Cedar Street
Zephyr Cove, NV 89448
✓ STR Allowed — Permit Required
Douglas County NV STR permit required — the county allots only about 600 permits and availability is hit-and-miss, so expect a possible waitlist. Check HOA rules too — many communities in this area restrict short-term rentals.
1 Beds
·
1.0 Baths
·
640 Sq Ft

About This Property

Originally built in 1926, this property has already completed a historic review through TRPA and has been approved for demolition, removing a significant hurdle in the development process. The parcel includes 2,779 square feet of verified, banked TRPA coverage and offers exceptional potential for a luxury custom residence. Included with the sale are conceptual plans for an approximately 4,000+ square foot mountain-modern home featuring: 4 Bedrooms, 4.5 Bathrooms and a oversized 2-Car Garage Designed to maximize functionality, livability, and Tahoe lifestyle appeal Also included is a complete set of architectural plans and engineering documents, prepared and ready for submission to Douglas County for permit review. A unique opportunity to accelerate the building process and create a premier custom home in one of Lake Tahoe's most desirable locations.

Listed by Craig Zager — Coldwell Banker Select ZC

Listing Details

Status Active
MLS # 260006353
Days on Market 45
Price/Sq Ft $3,903

Property History

May 20, 2026
Listed for sale
$2,498,000
Jun 22, 2026
Price changed
$2,498,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 640
Lot Size 0.11 acres
Stories 2
Year Built 1926
Property Type Single Family Residence
Subdivision Zephyr Cove
County Douglas
STR Jurisdiction Douglas County
APN 1318-10-310-040
Parking
Total Parking 4
Parking Features Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Artificial Turf, Gentle Sloping, Landscaped, Sprinklers In Front, Sprinklers In Rear
View Mountain(s)
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Electric, ENERGY STAR Qualified Equipment, Forced Air, Heat Pump, Natural Gas, Radiant Floor
Cooling Central Air
Water Source Lake Tahoe
Financial
Annual Tax $3,225
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 732 Cedar Street, Zephyr Cove

Est. Annual Revenue
$35,604
Avg Nightly Rate
$179
Projected Occupancy
54.4%
Cap Rate
0.6%
Structural Score: 58 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Zephyr Cove. Revenue projections are estimates and may vary.

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($499,600)
Home price
$2,498,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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